Over the past 20 years, RPI has carried out hundreds of studies on all major segments of the oil and gas industry of Russia, CIS and Eastern Europe.
RPI specialists are permanently in close connect with the industry and monitor its developments closely to provide best-in-class analytics and information support for industry players.
RPI specialists are permanently in close connect with the industry and monitor its developments closely to provide best-in-class analytics and information support for industry players.
The English version of the report is available in 2-3 weeks after ordering
RPI brings to your attention the multi-faceted research entitled “Offshore Oil and Gas Production in Russia and CIS: Forecast until 2030 and Business Opportunities”, which contains the forecast of development of offshore production projects until 2030 and evaluates demand for main types of equipment and services in the Caspian, Black, Azov, Baltic Seas, as well as in the Arctic and the Far East.
Russia’s offshore oil and gas industry is currently going through an important stage in its development, characterized by the following conditions:
• Global oil prices had stabilized by 2017, increasing certainty in the planning of offshore projects and thus offering an opportunity to forecast the passage of investment decisions on field development.
• The role of offshore production in the overall oil and gas production will be increasing in Russia and Kazakhstan. In Russia, according to the national Energy Strategy by 2035, offshore oil production is expected to grow from 4.3 percent of total oil production in 2016 to more than 7 percent in 2030, representing a jump from 20 million tons per annum to 38 million tons. Meanwhile, offshore gas production is forecast to account for 10 percent of total gas production in 2030.
• In Kazakhstan, the share of offshore production is bound to grow from 1.3 percent in 2016 to 27 percent as early as 2025, with the Kashagan project as the key growth driver.
• In 2017-2030, Russia forecasts to bring onstream more than 800 million tons of recoverable oil reserves and around 1.9 trillion cubic meters of recoverable gas reserves. This effort is going to require appropriate investments.
• Currently, there are 142 valid offshore licenses in Russia. During the 2010-2013 span, 60 of those were issued to only two companies, Gazprom and Rosneft.
• Russia’s government authorities aim to make sure that license obligations are completely fulfilled. This provides an opportunity for making a midterm forecast on the scope of work and demand for oilfield services (such as seismics and drilling) during the geological exploration stage, production and transportation facilities (platforms, etc), as well as equipment and services for field operation.
• In 2014-2016, the imports substitution policy was implemented with some success, also providing an opportunity to assess more accurately internal and external restrictions, and realistic prospects for technological development of offshore exploration and production in midterm.
The research aims to assist clients in making strategic decisions related to offshore production projects, including investment planning and business development in such fields as equipment manufacturing, provision of technological services, infrastructure development and other types of activities.
The “Offshore Oil and Gas Production in Russia and CIS: Forecast until 2030 and Business Opportunities” research contains a scenario-based forecast of production projects’ development, based on the generalized estimation of economic efficiency and the breakeven point in offshore production projects, and also takes into account the impact of factors such as technology and manufacturing capabilities and sanctions-related restrictions.
The forecast was made on the basis of the following parameters:
1) Oil and gas production volumes.
2) Scope of capital investment.
3) Scope of 2D and 3D seismics and demand for seismic vessels.
4) Number of constructed exploration and production wells; exploratory and production drilling footage.
5) Demand for main types of services and equipment used in well construction.
6) Demand for floating drilling rigs and fixed platforms, specified by type.
7) Demand for offshore pipelines.
The research also contains the analysis of opportunities, risks and prospects for international cooperation in areas such as supply of equipment, services and technology for offshore production.
The research contains three parts, which can be acquired as a package or separately:
• Caspian, Black and Azov Seas: including waters surrounding CIS countries
• Àrctic Seas and Baltic Sea
• Far Eastern Seas
The research targets the following consumer groups:
- oil and gas project operators
- producers of oil and gas equipment and facilities
- oilfield services providers
- shipping and logistics companies
- investment and finance companies
Volume I. Caspian, Black and Azov Seas
1. Introduction
2. Key conclusions
3. Forecast methodology and scenarios
4. Oil production structure
4.1 Russian Federation
4.2 Kazakhstan
5. Opportunities and risks for Russian and foreign manufacturers and suppliers of equipment, technology and services for offshore production
6. General information on regions
6.1 Geographic, natural and climate conditions in offshore areas
6.1.1 Caspian Sea
6.1.2 Black Sea
6.1.3 Azov Sea
6.2 Issue of maritime borders delimitation in offshore areas
7. Hydrocarbon reserves and resources
7.1 Caspian Sea
7.1.1 Azerbaijan’s sector
7.1.2 Kazakhstan’s sector
7.1.3 Russia’s sector
7.1.4 Turkmenistan’s sector
7.1.5 Iran’s sector
7.2 Black and Azov Seas
7.2.1 Abkhazia’s and Georgia’s sectors
7.2.2 Russia’s sector
8. Exploration and production projects
9. Hydrocarbon production volumes forecast
10. Forecast of bringing in of wells and footage in exploratory and production drilling
in specific sectors
10.1 Caspian Sea
10.2 Black and Azov Seas
10.3. General evaluation as per offshore areas
10.4 Evaluation of demand for main types of services and equipment used in well construction
11. Costs structure (by type and category) in well construction
12. Evaluation of demand for offshore drilling rigs
13. Evaluation of demand for production platforms
14. Evaluation of demand for seismic operations and seismic fleet
15. Evaluation of demand for pipelines
Appendix 1. Correspondence of oil and gas reserves classifications used in Russia and the United States
Volume II. Baltic and Arctic Seas
1. Introduction
2. Key conclusions
3. Forecast methodology and scenarios used in making forecasts
4. Oil production structure in Russia
5. Opportunities and risks for Russian and foreign manufacturers and suppliers of equipment, technology and services for offshore production
6. General information on regions
6.1 Geographic, natural and climate conditions in offshore areas
6.1.1 Baltic Sea
6.1.2 Arctic Seas
6.2 Russian borders’ delimitation in the Baltic Sea and the Arctic
7. Hydrocarbon reserves and resources
8. Exploration and production projects
8.1 Baltic Sea
8.1.1 Kravtsovskoye field
8.1.2 D-6 features (Yuzhnaya), D-33, D-41 and D-49
8.2 Barents and Pechora Seas
8.2.1 SINTEZ Group’s former projects
8.2.2 Severneftegaz projects
8.2.3 Prirazlomnoye field
8.2.4 Shtokman field
8.2.5 Rosneft’s prospects
8.2.6 Gazprom’s prospects
8.2.7 Unallocated blocks
8.3 Kara Sea
8.4 Ob and Taz Bays
8.5. Offshore areas to the east of Yamal Peninsula
9. Hydrocarbon production volumes forecast
10. Forecast of bringing in of wells and footage in exploratory and production drilling
in specific sectors
10.1 Baltic Sea
10.2 Barents and Pechora Seas
10.3 Kara Sea
10.4 Ob and Taz Bays
10.5 Offshore areas to the east of Yamal Peninsula
10.6 General evaluation as per offshore areas
10.7 Evaluation of demand for main types of services and equipment used in well construction
11. Costs structure (by type and category) in well construction
12. Evaluation of demand for offshore drilling rigs
13. Evaluation of demand for production platforms
14. Evaluation of demand for seismic fleet
15. Evaluation of demand for pipelines
Appendix 1. Correspondence of oil and gas reserves classifications used in Russia and the United States
Volume III. Far Eastern Seas
1. Introduction
2. Key conclusions
3. Forecast methodology and scenarios used in making forecasts
4. Russia’s oil production structure: traditional and hard-to-recover onshore reserves, and offshore reserves
5. Opportunities and risks for Russian and foreign manufacturers and suppliers of equipment, technology and services for offshore production
6. General information on regions
6.1 Geographic, natural and climate conditions in offshore areas
6.1.1 Bering Sea
6.1.2 Sea of Okhotsk
6.1.3 Sea of Japan
6.2 Maritime borders’ delimitation problem
7. Hydrocarbon reserves and resources
8. Exploration and production projects
8.1 Bering Sea
8.1.1 Anadyr 1
8.1.2 Anadyr 2-3
8.2 Sea of Okhotsk
8.2.1 West Kamchatka offshore
8.2.2 Magadan 1-4
8.2.3 Koryakia 1-2 and Kamchatsky 1
8.2.4 Khabarovsk 1, Khabarovsk 3
8.2.5 Sakhalin 1
8.2.6 Sakhalin 2
8.2.7 Sakhalin 3
8.2.8 Sakhalin 4-5
8.2.9 Lopukhovsky block
8.2.10 Sakhalin 6
8.2.11 Sakhalin 7
8.3 Sea of Japan
8.3.1 Sakhalin 8-9
8.3.2 Khabarovsk 2, Khabarovsk 4
9. Hydrocarbon production volumes forecast
10. Forecast of bringing in of wells and footage in exploratory and production drilling
in specific sectors
10.1 Bering Sea
10.2 Sea of Okhotsk
10.3 Sea of Japan
10.4. General evaluation as per offshore areas
10.5 Evaluation of demand for main types of services and equipment used in well construction
11. Costs structure (by type and category) in well construction
12. Evaluation of demand for offshore drilling rigs
13. Evaluation of demand for production platforms
14. Evaluation of demand for seismic fleet
15. Evaluation of demand for pipelines
Appendix 1. Correspondence of oil and gas reserves classifications used in Russia and the United States
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